ChainLink is basically a monopoly of oracles in DeFi, but more players are popping up and RedStone has a powerful model that may just be the competition that ChainLink and the ecosystem needs. Faster, cheaper, and better in many ways, the team at RedStone has a powerful approach.
- How they are taking on ChainLink and what it is like taking on a monopoly
- How they developed a superior oracle model
- Why it is cheaper and faster than ChainLink
- What technologies they used to build it
- How their needs drove them to create a powerful smart contact capability for Arweave
- How the system works for data providers/node operators
Discuss this episode in the Mission: DeFi community: https://t.me/missiondefi
Project Name: RedStone Finance
Project URL: https://redstone.finance
Project Twitter: https://twitter.com/redstone_defi
Guests:
Marcin Kaźmierczak - https://twitter.com/Marcin_Kaz13?s=20
Jakub Wojciechowski - https://twitter.com/kuba_eth?s=20
This is not financial advice. Nothing said on the show should be considered financial advice. This is just the opinions of Brad Nickel and our guests. None of us are financial advisors. Trading, participating, yield farming, liquidity pools, and all of DeFi and crypto is high risk and dangerous. If you decide to participate, do your own research. Never count on the research of others. We don't know what we are talking about and you can lose all your money. Never invest more than you can afford to lose, because you probably will lose it all.
